Inmarsat’s $3.4 Billion Privatisation

Kirkland Advises a consortium consisting of Apax, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan on $3.4 billion take private of Inmarsat.

The take private of Inmarsat, the British satellite communications group, announced on 25 March 2019 comprising a cash consideration of US$7.21 per share, valuing Inmarsat at approximately $3.4 billion, which is equivalent to £2.6 billion based on the Announcement Exchange Rate.

Kirkland & Ellis International LLP is acting as legal adviser to Triton Bidco. Freshfields Bruckhaus Deringer LLP is acting as anti-trust legal adviser to Triton Bidco. Clifford Chance LLP is acting as legal adviser to Inmarsat.

Kirkland fielded a team comprising of London transactional partners, Rory Mullarkey (Picture), Stuart Boyd, David Higgins, Mark Thompson and Jacob Traff and debt partners, Neel Sachdev and Leon Daoud in London and New York partner, Eric Wedel. London partner, Timothy Lowe advised on all tax aspects. CFIUS aspects where led by Washington partner, Mario Mancuso.

Involved fees earner: Stuart Boyd – Kirkland & Ellis; Leon Daoud – Kirkland & Ellis; David Higgins – Kirkland & Ellis; Timothy Lowe – Kirkland & Ellis; Mario Mancuso – Kirkland & Ellis; Rory Mullarkey – Kirkland & Ellis; Neel Sachdev – Kirkland & Ellis; Mark Thompson – Kirkland & Ellis; Jacob Traff – Kirkland & Ellis; Eric Wedel – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Apax Partners; Canada Pension Plan Investment Board; Ontario Teachers’ Pension Plan; Warburg Pincus;